Trump’s Tariffs Predicted to Boost Bitcoin Prices
- Jeff Park of Bitwise suggests Trump’s tariffs aim to weaken the US dollar and lower Treasury yields.
- The strategy involves encouraging foreign nations to reduce dollar reserves and hold long-term US treasuries.
- This could increase demand for US 10-year Treasuries, raising bond prices and lowering yields.
- Park predicts a weaker dollar and lower yields will drive Bitcoin prices higher.
- Bitcoin is currently trading at $101,125.
According to Jeff Park, Trump’s tariff strategy may lead to increased demand for US Treasuries, potentially boosting Bitcoin prices as the dollar weakens and yields decrease.
Source (2.6)https://dailyhodl.com/2025/02/04/president-trumps-tariffs-will-send-bitcoin-btc-higher-and-faster-says-bitwise-executive-heres-why/?rand=59076
